Please note that the figures are written according to Finnish standards, which means that decimals are separated through commas instead of periods.
| PARENT COMPANY'S FINANCIAL STATEMENT € | 2017 | 2016 |
|---|---|---|
| OPERATIONS | ||
| Result | -1 942 304,35 | -6 024 979,00 |
| Adjustments to operating result (1) | 3 199 773,87 | 6 396 250,95 |
| Change in working capital (2) | -715 243,47 | -20 719 037,42 |
| Dividends received | 855 827,00 | 181 072,00 |
| Interest received | 396 128,16 | 381 419,51 |
| Interest paid | -900 576,99 | -804 967,78 |
| Other financial income and expenses | -1 493 116,47 | -1 436 656,62 |
| Taxes paid | 0,00 | -824,28 |
| CASH FLOW FROM OPERATIONS | -599 512,25 | -22 027 722,64 |
| INVESTMENTS | ||
| Acquisition of shares | -19 784 784,86 | -35 162 244,91 |
| Investments in tangible and intangible assets | -4 843 256,63 | -14 072 769,06 |
| Increase (+) or decrease (-) in investment-related current non-interest-bearing liabilities | -8 511 675,33 | 11 405 565,83 |
| Increase (-) or decrease (+) in investment-related current non-interest-bearing receivables | 0,00 | -2 098 956,54 |
| Disposal proceeds from fixed assets | 1 158 227,21 | 8 887 343,64 |
| Increase (-) or decrease (+) in loan receivables | -6 553 265,00 | 0,00 |
| CASH FLOW FROM INVESTMENTS | -38 534 754,61 | -31 041 061,04 |
| FINANCING | ||
| Withdrawals of long-term loans | 23 167 297,38 | 1 179 587,99 |
| Increase (+) or decrease (-) in non-current non-interest-bearing liabilities | 100 000,00 | 150 000,00 |
| Increase (-) or decrease (+) in interest-bearing receivables | 1 887 023,34 | -2 276 248,08 |
| Received group subventions | 3 822 906,40 | 6 051 480,62 |
| Proceeds from share issue | 6 355 300,00 | 40 784 846,82 |
| CASH FLOW FROM FINANCING | 35 332 527,12 | 45 889 667,35 |
| CHANGE IN CASH AND CASH EQUIVALENTS | -3 801 739,74 | -7 179 116,33 |
| Liquid assets 1 January | 18 372 117,80 | 25 551 234,13 |
| Liquid assets 31 December | 14 570 378,06 | 18 372 117,80 |
| ADJUSTMENTS TO OPERATING RESULT (1) | ||
| Depreciation and write-downs | 3 199 531,61 | 2 694 660,66 |
| Gain (-) or loss (+) from divestment of non-current assets | 242,26 | 3 701 590,29 |
| 3 199 773,87 | 6 396 250,95 | |
| Change in working capital (2) | ||
| Increase (-) or decrease (+) in non-interest-bearing receivables | 2 914 251,25 | 5 332 476,88 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | -3 629 494,72 | -26 051 514,30 |
| -715 243,47 | -20 719 037,42 |
